Telegram integrates Lighter for 50x perps trading; LIT rebounds 30%
Telegram’s Wallet in Telegram has integrated Lighter, enabling users to trade perpetual (perps) with up to 50x leverage across crypto, stocks, metals, and oil. The Telegram messenger has over 1 billion users and the wallet has 150M registered users (around 25M active), positioning Telegram as a potential high-traffic crypto trading terminal.
For Lighter, this is its largest integration to date. The article notes demand for perps has surged industry-wide: peak perp volume hit about $350B with ~$25B open interest (OI). Even so, Lighter’s own activity deteriorated after LIT’s token debut and the end of the farming period in late December. Weekly perps volumes reportedly fell from a record ~$75B in November to around ~$8B in April (about -89%), while weekly revenue dropped from an average ~$4M to about $325K (about -91%).
Despite the broader softness in Q1–Q2 2026, LIT has gained roughly 30% in early April and recently retested $1 after the Telegram integration. The key market question is whether Telegram-driven routing can reverse Lighter’s revenue decline and sustain buyback support. A failure to hold $1 could see rejection and potential downside toward ~$0.78 or lower.
For traders, monitor Lighter (LIT) volume/fees post-integration, perp OI trends on Lighter, and whether Telegram users meaningfully increase order flow—similar integrations have historically moved fee expectations and token sentiment when routed trading scales quickly.
Bullish
Telegram 为 Lighter 注入了可观的新增流量与用户触达能力（150M 注册、约 25M 活跃），这类“入口型集成”通常会提升路由交易量与平台手续费预期。文章也给出对照：Lighter 在 12 月挖矿期结束后出现量价与收入的断崖式下滑（交易量约 -89%、收入约 -91%），因此一旦 Telegram 带来的订单流能够重新抬升成交与 OI，市场会倾向于把 Lighter 的“修复路径”重新定价，从而形成 LIT 的上行动力（已在 4 月初反弹约 30%）。
短期上，关键在于 $1 的支撑与集成后的实际成交持续性；若交易量放大不及预期，容易出现反弹受阻的回撤（文章也提示可能跌向 $0.78）。长期上，若能持续带来更稳的收入与回购预期，LIT 的基本面叙事将从“衰退”切换为“增长与复苏”。因此整体偏 bullish，但需警惕大盘仍偏弱导致的回归波动。